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Simon Chandler
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Simon Chandler
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XRP has gained by 1.5% in the past 24 hours, rising to $2.39 as the cryptocurrency market shows some signs of renewed strength today.
The altcoin is now up by 15% in a week, with its rally today coming after Ripple CEO Brad Garlinghouse revealed that 75% of its open job positions are now in the US, following a four-year period in which most hires were outside of America.
While XRP is down by 1.5% in the past month, it remains up by a very healthy 320% in a year, underlining the strong growth it has witnessed since Donald Trump won the US election in November.
And with Ripple on course to expand its business within the US and elsewhere, long-term XRP price predictions look very encouraging.
Ripple Focuses on U.S. Jobs – Could This Boost XRP’s Price to $100?
Perhaps even more bullishly, Garlinghouse’s tweet yesterday stated that Ripple has “signed more US deals in the last six weeks of 2024 (since the election) than [in] the previous six MONTHS.”
Combined with the launch of Ripple’s very own USD-denominated stablecoin, RLUSD, last month, this information paints a very positive picture as far as XRP’s future is concerned.
In fact, the good news doesn’t end there, since the selection of the pro-crypto Paul Atkins as the new SEC Chairman could mean the end of the regulator’s attempts to appeal aspects of the ruling in its case against Ripple.
In other words, Ripple now has the freedom to expand its business more proactively, and Garlinghouse’s tweet is an indicator of just how quickly it could expand in the US in particular.
XRP’s price today reflects this potential growth, with its four-hour chart showing its indicators in bullish positions.
After a period spent under 50, the alt’s relative strength index (purple) rose to 70 over the weekend and remains high, a sign of buying pressure.
At the same time, we’ve also seen XRP’s 30-period average (orange) climb well beyond the 200-period average (blue), a sign of a near-term growth phase.
What’s interesting, however, is that the coin’s 24-hour trading volume is down by over 90% in relation to the heights it climbed in early December.
We also see an absence of big whale buys, with the last major transaction being a transfer of 30 million XRP to Bithumb.
This means that XRP remains relatively quiet at the moment, although the flipside of this is that a sudden surge in buying could send its price rising even higher.
Based on its technicals, and based on its increasingly bullish fundamentals, we could see the coin reach $2.75 by Q2.
New Meme Tokens For Market-Beating Gains
As a top-ten cryptocurrency, XRP may experience steady rather speculator gains in the coming months, with its potential based squarely on fundamentals and Ripple’s growth.
For this reason, traders pursuing market-beating returns may prefer to check out newer alts, including some of the more promising presale coins.
And probably the most promising presale coin right now is Wall Street Pepe (WEPE), an ERC-20 token that has raised an incredible $42 million in its sale.
WEPE is attracting investors because it’s more than a no-utility meme token, with the project in the process of launching an intelligence platform.
This platform will provide investors with real-time analysis and market insights., while also giving WEPE holders access to exclusive buying signals and insider trading strategies.
Its platform will have online community spaces and forums, where users can share tips and analysis, as well as compete in trading competitions.
Winners of such competitions will earn rewards in WEPE, which holders can also stake for a passive income.
Investors can join WEPE’s sale by visiting its official website, where WEPE is selling at $0.00036642.
This price will rise again in half a day, and will continue to rise until the sale ends.
Buyers should therefore act quickly, especially when it looks like WEPE could surge once it lists.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
